One thing as certain as gravity is that precious metals, more importantly gold, will protect you from hyper-inflation in the coming times due to all the money that is being printed up by the Federal Reserve for bailouts and so forth. Precious metals have historically been a proven hedge against hyper-inflation. In the 1970’s, the U.S. dealt with massive inflation and at its peak in that time inflation reached 13.3%. The U.S. economy was not in nearly as much trouble as it is today.
Due to the 13.3% inflation rate in the 1970s the value of gold skyrocketed and had a growth of 2500%. This explains the current gold rush that is occurring, and more importantly illustrates where gold could hit in the coming times. Never in our nation’s history have they printed up so much money, and soon Americans will feel the repercussions, in the form of massive hyper-inflation. If inflation was at 13.3% in the 1970s and the value of gold grew by 2500%; you can only imagine what is coming our way in the very near future,
and what this will do to the precious metals market.
With the hyper-inflation on the way and gold being a limited resource the time to put your wealth in precious metals is now.